Capstone Green Energy Secures Two-Megawatt Follow-on Order for a Remote Gas Compression Facility in Wyoming’s Green River Basin
Capstone Green Energy Corporation (NASDAQ: CGRN) announced a repeat order for two C1000 Signature Series microturbines, representing the 16th and 17th units ordered by the same gas pipeline customer. This order, facilitated by Horizon Power Systems, is set for commissioning in Q3 2023. The customer has relied on Capstone's technology since 2010 for low-emission power at remote facilities. The existing fleet boasts an average uptime of 99%, even during severe weather. Capstone has shipped over 10,000 units globally, saving customers approximately $911 million in energy costs and 1.5 million tons of carbon emissions in recent years.
- Repeat order for two additional microturbines, indicating strong customer loyalty.
- Existing customer fleet shows 99% uptime, highlighting reliability and performance.
- Capstone's technology meets stringent Wyoming air quality standards.
- None.
The Repeat Order Represents the 16th and 17th Units that Have Been Ordered by the Same Gas Pipeline Customer
“Capstone microturbines create loyal customers, and this order is a great example. This customer has been using
The microturbine will power a remote natural gas compression facility and run on high-pressure natural gas (HPNG). The customer indicated that it selected Capstone based on its ongoing, positive experiences with Capstone products. Their current equipment has operated continuously for several years, despite being subjected to harsh conditions and extreme weather events.
“The customer’s current fleet of 15 microturbines have an average
About
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: rentals@CGRNenergy.com.
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding growth expectations and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and departures and other changes in management and other key employees. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the
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FAQ
What is the significance of the recent order by Capstone Green Energy (CGRN)?
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What are the operational highlights of the customer's existing fleet of Capstone microturbines?